US Air Freight Transport Market Size (2024 - 2029)

The United States air freight transport sector is experiencing significant growth, driven by the expansion of the e-commerce industry and the increasing demand for rapid and reliable delivery services. This growth is further supported by the rising need for air freight services in the pharmaceutical and medical fields, as well as across various industrial verticals that utilize advanced technologies for cargo management. The transition from outdated systems to more flexible interfaces and the integration of artificial intelligence and the internet of things are also contributing to the market's development. Despite challenges such as economic instability and infrastructural delays, the market's potential continues to expand, reflecting a positive outlook for the air freight transport industry in the United States.

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Market Size of US Air Freight Transport Industry

US Air Freight Transport Market Summary
Study Period 2024 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period
CAGR 4.00 %
Market Concentration Medium

Major Players

US Air Freight Transport Market Major Players

*Disclaimer: Major Players sorted in no particular order

US Air Freight Transport Market Analysis

The United States Air Freight Transport Market is valued at about 23 Billion and is expected to grow at a CAGR of more than 4% during the forecast period.

  • The e-commerce sector's expansion has significantly impacted the air freight transportation sector. The need for quick and dependable product delivery has greatly grown as more consumers resort to online shopping. Air freight is obviously well suited for this logistical problem. With increased capacity addition and increased demand for fresh, perishable items from Latin America across the world, air commerce in that region is expanding. However, the continent's inability to reach its full potential is hampered by antiquated laws and delayed infrastructural development. The recovery from the slump brought on by the COVID-19 pandemic would be fairly unequal due to economic instability, wildly disparate travel restrictions, newly enacted levies, and a lack of government financial help.
  • Because they are dependable, effective, and affordable, air freight services are now in high demand, and this is one of the main factors helping the industry in the United States. In addition, the industry is expanding due to the widespread availability of quick shipping options for delivering a variety of important goods, including clothing, consumables, and automobile parts. A positive market outlook is also being provided by the expanding use of air freight services in the pharmaceutical and medical industries to transfer drugs, vaccinations, and surgical equipment to locations where they are urgently required.
  • In addition, the increasing use of air freight services across a range of industrial verticals, which manage cargo using cutting-edge techniques and technology, is fostering market expansion. Additionally, the country's market development is being supported by the ongoing transition of air freight systems from outdated mainframe systems to more flexible interfaces used for controlling flight operations, revenue accounting, and network planning. Additionally, the country's market growth is being supported by the growing use of artificial intelligence (AI) and the internet of things (IoT) to optimise logistics.

US Air Freight Transport Industry Segmentation

Transporting products and packages via an air carrier either commercial or charter is referred to as air freight. It entails the shipping of a variety of perishable products, including fresh produce, meat, dairy products, poultry, and seafood from around the world. To handle time- and temperature-sensitive commodities, such as radiopharmaceuticals and other medical items, which are necessary for diagnosis and treatment, it also has expert personnel and the necessary infrastructure. It makes it possible for cargo to fly out of commercial and passenger aviation gateways and land everywhere that aeroplanes can fly.

The US air freight transport market is segmented By Service (Forwarding, Airlines, Mail, and Other Services), By Destination (Domestic, International), and By Carrier Type (Belly Cargo, Freighter). The report offers market size and forecasts U.S. Air Transport Market in value (USD billion) for all the above segments.

By Service
Freight Transport (Cargo and Mail)
Freight Forwarding
Other Value-added Services
By Service
Forwarding
Airlines
Mail
Other Services
By Destination
Domestic
International
By Carrier Type
Belly Cargo
Freighter
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US Air Freight Transport Market Size Summary

The United States air freight transport market is experiencing significant growth, driven largely by the expansion of the e-commerce sector. As online shopping becomes increasingly popular, the demand for fast and reliable delivery services has surged, positioning air freight as a key solution to meet these logistical challenges. The market is benefiting from the growing need to transport fresh and perishable goods, particularly from Latin America, although regulatory and infrastructural challenges in the region continue to impede full potential. The industry's recovery from the COVID-19 pandemic is uneven, influenced by economic instability, varying travel restrictions, and a lack of government support. Despite these challenges, the market is supported by the reliability, efficiency, and cost-effectiveness of air freight services, which are crucial for delivering essential goods across various sectors, including pharmaceuticals and medical supplies.

The market landscape is characterized by a mix of regional and international players, with companies like DHL Logistics, UPS Supply Chain Solutions, and Expeditors International playing significant roles. The ongoing transition to advanced technologies, such as artificial intelligence and the Internet of Things, is further propelling market growth by optimizing logistics operations. The expansion of air freight capacity, particularly on transatlantic routes, is also contributing to market dynamics, with major carriers like American Airlines and United Airlines increasing their flight offerings. The U.S. market is poised for continued expansion, supported by strategic investments in infrastructure and technology, as well as the increasing integration of air freight services in the burgeoning e-commerce sector.

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US Air Freight Transport Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Dynamics

      1. 1.2.1 Drivers

      2. 1.2.2 Restraints

      3. 1.2.3 Opportunities

    3. 1.3 Government Initiatives and Regulations

    4. 1.4 Supply Chain/Value Chain Analysis

    5. 1.5 Porter's Five Forces Analysis

      1. 1.5.1 Threat Of New Entrants

      2. 1.5.2 Bargaining Power Of Buyers

      3. 1.5.3 Bargaining Power Of Suppliers

      4. 1.5.4 Threat Of Substitute Products

      5. 1.5.5 Degree Of Competition

    6. 1.6 Technology Snapshot and Digital Trends

    7. 1.7 Spotlight on Key Commodities Transported by Air

    8. 1.8 Elaboration on Air Freight Rates

    9. 1.9 Spotlight on Heavy Cargo/Project Logistics in the Air Cargo Industry

    10. 1.10 Insights into Key Ground Handling Equipment in Airports

    11. 1.11 Review and Commentary on Standards and Regulations on the Safe Transport of Dangerous Goods

    12. 1.12 Brief on Cold Chain Logistics in the Air Cargo Sector

    13. 1.13 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Service

      1. 2.1.1 Freight Transport (Cargo and Mail)

      2. 2.1.2 Freight Forwarding

      3. 2.1.3 Other Value-added Services

    2. 2.2 By Service

      1. 2.2.1 Forwarding

      2. 2.2.2 Airlines

      3. 2.2.3 Mail

      4. 2.2.4 Other Services

    3. 2.3 By Destination

      1. 2.3.1 Domestic

      2. 2.3.2 International

    4. 2.4 By Carrier Type

      1. 2.4.1 Belly Cargo

      2. 2.4.2 Freighter

US Air Freight Transport Market Size FAQs

The US Air Freight Transport Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

DHL Logistics, DB Schenker, Crane Worldwide Logistics, UPS supply chain solutions and Expeditors International are the major companies operating in the US Air Freight Transport Market.

US Air Freight Transport Market Report Snapshots

United States Air Freight Transport Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)